Marien-Heim of Sunset Park

Analysis

Marien-Heim of Sunset Park is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Marien-Heim of Sunset Park reported income of $3.4m and spending of $3.5m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $3.4m (+15%), an average of +3.5% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marien-Heim of Sunset Park sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.4m), Woodlands Development Group Inc ($3.4m) and Minnesota Home Ownership Center ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $662k. At year end it held assets of $6.6m against liabilities of $6.8m, net assets of -$200k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.